Terex (NYSE:TEX) Stock Rating Upgraded by UBS Group

Terex (NYSE:TEX) was upgraded by investment analysts at UBS Group from a “sell” rating to a “neutral” rating in a research report issued on Friday, Marketbeat reports. The brokerage currently has a $48.00 price objective on the industrial products company’s stock, up from their previous price objective of $34.00. UBS Group’s price target indicates a potential downside of 0.04% from the company’s previous close.

TEX has been the topic of several other research reports. Evercore ISI cut their price objective on Terex from $63.00 to $59.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Citigroup dropped their price objective on Terex from $45.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Baird R W upgraded Terex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 13th. Robert W. Baird upgraded Terex from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $48.00 to $66.00 in a report on Tuesday, May 13th. Finally, Barclays dropped their price objective on Terex from $60.00 to $52.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $49.10.

Terex Price Performance

Shares of NYSE TEX opened at $48.02 on Friday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16. The company has a market cap of $3.18 billion, a PE ratio of 9.68, a P/E/G ratio of 4.53 and a beta of 1.52. The business has a 50-day simple moving average of $38.13 and a two-hundred day simple moving average of $44.52. Terex has a fifty-two week low of $31.53 and a fifty-two week high of $68.08.

Terex (NYSE:TEX) last released its earnings results on Friday, May 2nd. The industrial products company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.26. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.26 billion. Terex had a return on equity of 21.99% and a net margin of 6.54%. The company’s revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.60 earnings per share. As a group, equities analysts expect that Terex will post 4.83 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Joshua Gross sold 5,389 shares of Terex stock in a transaction on Monday, May 5th. The stock was sold at an average price of $40.75, for a total value of $219,601.75. Following the completion of the sale, the insider now owns 38,755 shares of the company’s stock, valued at $1,579,266.25. The trade was a 12.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andra Rush acquired 1,325 shares of the stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average cost of $36.96 per share, with a total value of $48,972.00. Following the transaction, the director now owns 23,308 shares of the company’s stock, valued at approximately $861,463.68. This trade represents a 6.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Terex

A number of institutional investors have recently added to or reduced their stakes in TEX. Neo Ivy Capital Management purchased a new stake in shares of Terex in the fourth quarter worth about $29,000. Jones Financial Companies Lllp acquired a new position in shares of Terex in the fourth quarter worth about $31,000. Smartleaf Asset Management LLC lifted its stake in shares of Terex by 46.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 222 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Terex by 83.0% in the first quarter. UMB Bank n.a. now owns 732 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 332 shares in the last quarter. Finally, Private Trust Co. NA lifted its stake in shares of Terex by 128.0% in the first quarter. Private Trust Co. NA now owns 773 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 434 shares in the last quarter. Hedge funds and other institutional investors own 92.88% of the company’s stock.

About Terex

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.